Regulatory information/MiFID II

MIFID II

The European regulatory framework on markets in financial instruments (MiFID II/MiFIR) came into force the 3rd of January 2018.

MiFID II is the revision and continuation of MiFID I due to changes in market structures as a result of the financial crisis and is particularly intended to increase the transparency, efficiency and integrity of financial markets.

MiFID /MiFIR (hereinafter “MiFID”) is a regulatory framework, governing the provision on investment services such as portfolio management and investment advice, which sets high investor protection standards throughout Europe and regulates and harmonises trading in financial instruments.

Find below a detailed explanation of the principal measures outlined in the MiFID Directive and their impacts on Candriam activity of portfolio management and investment advice.

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Find hereunder all the documents relating to MiFID:

PROCEDURE AND FORMS TO CHANGE OF CATEGORY (OPT UP/DOWN)

DOCUMENTS

Procedure to change of category (Opt up/down) .pdf
Classification as a professional investor (individual) .pdf
Classification as a professional investor (company) .pdf
Application to be classified as a professional investor (individual) .pdf
Application to be classified as a professional investor (company) .pdf
Request to change investor classification for the purposes of receiving greater protection  .pdf

OVERVIEW OF THE MAIN RISKS AND FEATURES OF FINANCIAL INSTRUMENTS

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BEST SELECTION POLICY

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TOP 5 BROKERS

“BEST SELECTION” - The 5 main intermediaries (brokers) - CANDRIAM BELGIUM

“BEST SELECTION” - The 5 main intermediaries (brokers) - CANDRIAM FRANCE

“BEST SELECTION” - The 5 main intermediaries (brokers) - CANDRIAM LUXEMBOURG

CONFLICTS OF INTEREST POLICY

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COMPLAINTS PROCEDURE

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Other Regulatory Information

MODERN SLAVERY

This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes the Company's slavery and human trafficking statement for the financial year ending on 31 December 2018.

INTRODUCTION

At Candriam Luxembourg, a partnership limited by shares (“société en commandite par actions”) incorporated under the laws of Luxemburg (the "Company"), we believe we have a responsibility to ensure that our business is conducted in a responsible way. We are fully committed to preventing and identifying slavery and human trafficking in our business activities and in our supply chain. In what follows we will set out the steps the Company will take in that regard.

CORPORATE STRUCTURE

The Company forms part of a pan-European asset management group, founded in 1999, headquartered in Luxembourg and ultimately owned by New York Life Insurance Company. This statement is published on behalf of the Company and its UK operations carried out through its UK branch "Candriam Luxembourg – UK establishment" in line with the Modern Slavery Act 2015, and references to "we", "us", "our" or "company" are to Candriam Luxembourg.

RISK ASSESSMENT

Given the nature of the Company’s business, we do not believe that there are significant risks of slavery and human trafficking within our own business, nor within our direct supply chains, as we only engage reputable companies in the UK.

Either way, as part of our initiative to identify eventual risks, we are looking to build and improve our systems to better by identifying, assessing and monitoring such risks in our supply chains through enhanced contract term controls (to the extent appropriate and obtainable).

Where possible, we build long-standing relationships with our key suppliers and ensure that expectations of business behaviour are clear and consistent.

IMPLEMENTATION

Candriam will implement the objectives considered in this statement through its relevant implied teams. Progress of Candriam’s efforts in this area and issues (should they arise) will be monitored and reported back to the management directly.

TRAINING

Modern slavery and human trafficking training will be provided to educate the relevant business units on the importance of implementing and enforcing effective systems to ensure slavery and human trafficking is not taking place in our business or supply chain.

MONITORING AND REPORTING

If issues are identified in relation to modern slavery, these will be immediately reported to the relevant team.

This statement will be reviewed annually and published on our website.

Approved by the Board of Management of Candriam Luxembourg 1 October 2018.




 







PROXY VOTING POLICY

Since the beginning of 2003 Candriam has developed an active proxy voting policy and ever since it has actively exercised the voting rights associated with the shares it manages on behalf of its clients.
The cornerstones of Candriam’s Voting Policy are the rights and equal treatment of the shareholders, the accuracy of financial information, the accountability and independence of the board.

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EXTERNAL DISCLOSURE ON REMUNERATION POLICY

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REPORTED INTERMEDIATION COSTS INCURRED BY CANDRIAM FRANCE

Download the reported intermediation costs incurred by Candriam France (in French)